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Buffalo Wild Wings Reports 28% Jump in Q2 Revenue (BWLD)

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Buffalo Wild Wings (NASDAQ: BWLD) reported late on Tuesday that its fiscal second-quarter net income rose 41% as opening of new stores boosted the restaurant operator’s top line growth even as both expenses  and chicken wing prices declined.

The Minneapolis, MN based Company reported earnings of $16.5 million or 88 cents a share, compared to a profit of $11.7 million or 62 cents a share, in the same quarter of last year.

Revenue climbed almost 28% to $305 million from $238.7 million, in the same quarter of last year.

Analysts’ consensus estimate was for earnings of 79 cents a share on revenue of $304.24 million, according to a data compiled by Thomson Reuters.

Same-store-sales rose 3.8% at  Company-managed restaurants while it climbed 4.1% at franchised stores, in the fiscal second quarter. Same-store-sales is a key gauge on restaurant chain’s performance since it only includes proceeds from those stores that were operational for at least 12 months thereby eliminating erratic sales trends from those stores that were shuttered or opened in last 12 months.

Total Sales at company owned restaurants jumped 29.4% to $285.4 million, aided mainly by opening of new stores and growth in same-store-sales. In the recently concluded quarter, the chain added 77 new stores.

For the fiscal 2013, Buffalo Wild Wings’ President, Chief Executive and Director, Sally J. Smith said in a conference call, “We remain confident we will achieve 17% net earnings growth for 2013, equating to 25% on a 52-week basis.”

Shares of Buffalo Wild Wings gained 0.83% to $98.50 in afterhours trading after slipping 0.71% in regular trading hours on Tuesday.

 

 

 

 

 

 

 








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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